Autohome’s (ATHM) Hold (C) Rating Reiterated at Weiss Ratings

Weiss Ratings restated their hold (c) rating on shares of Autohome (NYSE:ATHM) in a report released on Wednesday morning,Weiss Ratings reports.

Autohome Stock Performance

Shares of ATHM opened at $26.55 on Wednesday. The stock has a 50 day moving average price of $28.73 and a two-hundred day moving average price of $27.14. The firm has a market capitalization of $3.10 billion, a P/E ratio of 15.62 and a beta of 0.09. Autohome has a 52 week low of $23.39 and a 52 week high of $32.94.

Autohome Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Thursday, November 20th. Investors of record on Monday, October 20th will be issued a $0.59 dividend. This represents a yield of 590.0%. The ex-dividend date is Monday, October 20th. Autohome’s payout ratio is presently 66.47%.

Institutional Investors Weigh In On Autohome

Hedge funds have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. lifted its stake in Autohome by 6,649.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 724,773 shares of the information services provider’s stock worth $20,091,000 after purchasing an additional 714,034 shares in the last quarter. Krane Funds Advisors LLC raised its position in shares of Autohome by 23.4% during the 1st quarter. Krane Funds Advisors LLC now owns 3,520,385 shares of the information services provider’s stock valued at $97,585,000 after buying an additional 667,669 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Autohome by 33.8% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 2,299,013 shares of the information services provider’s stock valued at $63,729,000 after buying an additional 580,252 shares in the last quarter. Federated Hermes Inc. raised its position in shares of Autohome by 61.4% during the 2nd quarter. Federated Hermes Inc. now owns 1,393,033 shares of the information services provider’s stock valued at $35,926,000 after buying an additional 530,152 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Autohome during the 2nd quarter valued at about $12,120,000. Institutional investors own 63.08% of the company’s stock.

About Autohome

Autohome Inc operates as an online destination for automobile consumers in the People’s Republic of China. The company delivers interactive content and tools to automobile consumers through its three websites, autohome.com.cn, che168.com, and ttpai.cn on PCs, mobile devices, mobile applications, and mini apps.